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    OFF-MARKET
    Commercial real estate

    64 Arthur St, Manistee, MI 49660-1102

    0.98 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-3392112
    Property summary
    AI-generated overview

    This exceptional 2,800 square foot industrial property, situated on a 0.57-acre lot at 64 Arthur in Manistee, Michigan, presents a remarkable investment opportunity. Boasting prime visibility and high traffic counts due to its location on US-31, this building offers significant potential for a variety of businesses. The structure, formerly home to Glass Specialties, comprises two distinct 70' x 40' garage bays, each complete with its own forced-air furnace, central air conditioning system, ample workspace, and a restroom. This dual-bay setup allows for flexible use, enabling the owner to occupy one bay and lease the other for additional income, or utilize the entire space for a larger operation. The property's versatility makes it suitable for a range of industrial uses, while its prior use as a glass specialty shop could be advantageous for a similar business. Beyond the functional aspects, the property offers the added benefit of scenic Manistee Lake views. The asking price is $199,000. This is a rare opportunity to acquire a well-equipped, strategically located industrial property with substantial upside potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.98 ac (42,689 SF)
    APN 51-101-275-04
    UPID US43-3392112
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    BEULAH ENTERPRISES INC
    BEULAH ENTERPRISES INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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